Tokura Construction Co (NGO:1892) E10: 円794.40 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NGO:1892 Tokura Construction Co Ltd NGO:1892
64 GF Score
Price 円7,810.00
GF Value 円4,659.32
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Tokura Construction Co E10?

Tokura Construction Co NGO:1892 64 E10 is 円794.40 as of Mar. 2026. GuruFocus rates NGO:1892 with a GF Score™ of 64/100 and a GF Value™ of 円4,659.32 (Significantly Overvalued). The stock has 8 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Tokura Construction Co's adjusted earnings per share data for the three months ended in Mar. 2026 was 円201.805. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円794.40 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 7.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Tokura Construction Co was 20.00% per year. The lowest was 7.30% per year. And the median was 14.50% per year.

As of today (2026-08-24), Tokura Construction Co's current stock price is 円7810.00. Tokura Construction Co's E10 for the quarter that ended in Mar. 2026 was 円794.40. Tokura Construction Co's Shiller PE Ratio of today is 9.83.

During the past 13 years, the highest Shiller PE Ratio of Tokura Construction Co was 10.70. The lowest was 4.96. And the median was 7.75.


Tokura Construction Co  (NGO:1892) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Tokura Construction Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=7810.00/794.40
=9.83

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Shiller P/E Ratio of Tokura Construction Co was 10.70. The lowest was 4.96. And the median was 7.75.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Tokura Construction Co E10 Related Terms


Tokura Construction Co E10 Historical Data

* Premium members only.

The historical data trend for Tokura Construction Co's E10 can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Tokura Construction Co E10 Chart

Tokura Construction Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 603.24 642.61 670.44 0.00 794.40

Tokura Construction Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
E10 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 697.19 726.18 776.52 794.40 0.00

NGO:1892 vs PWR, FIX, EME: E10 Comparison

For the Engineering & Construction subindustry, Tokura Construction Co's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Tokura Construction Co Shiller PE Ratio vs Construction Industry

For the Construction industry and Industrials sector, Tokura Construction Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Tokura Construction Co's Shiller PE Ratio falls into.


NGO:1892
64GF Score
Tokura Construction Co Ltd NGO:1892
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tokura Construction Co E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Tokura Construction Co's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=201.805/112.7000*112.7000
=201.805

Current CPI (Mar. 2026) = 112.7000.

Tokura Construction Co Quarterly Data

per share eps CPI Adj_EPS
201603 68.046 97.900 78.333
201606 -67.400 98.100 -77.431
201609 171.861 98.000 197.640
201612 376.314 98.400 431.002
201703 35.886 98.100 41.227
201706 991.040 98.500 1,133.911
201709 54.398 98.800 62.051
201712 154.259 99.400 174.899
201803 159.337 99.200 181.021
201806 28.680 99.200 32.583
201809 231.718 99.900 261.408
201812 204.029 99.700 230.633
201903 221.390 99.700 250.257
201906 64.990 99.800 73.391
201909 194.320 100.100 218.780
201912 134.084 100.500 150.361
202003 248.510 100.300 279.233
202006 197.490 99.900 222.794
202009 209.260 99.900 236.072
202012 230.786 99.300 261.929
202103 194.184 99.900 219.064
202106 102.580 99.500 116.189
202109 134.950 100.100 151.937
202112 332.250 100.100 374.072
202203 236.311 101.100 263.425
202206 36.800 101.800 40.740
202209 -110.450 103.100 -120.734
202212 16.777 104.100 18.163
202303 338.327 104.400 365.225
202306 -50.950 105.200 -54.582
202309 15.710 106.200 16.672
202312 360.209 106.800 380.108
202403 228.800 107.200 240.539
202406 95.110 108.200 99.066
202409 107.110 108.900 110.848
202503 0.000 111.100 0.000
202506 101.660 111.700 102.570
202509 308.730 112.000 310.660
202512 470.820 113.000 469.570
202603 201.805 112.700 201.805

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of 円794.40 mean?
Tokura Construction Co (NGO:1892) has a E10 of 円794.40 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Tokura Construction Co and its competitors.
Is Tokura Construction Co's E10 too high?
Tokura Construction Co's current E10 is 円794.40. Overall, Tokura Construction Co has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tokura Construction Co's E10 compare to PWR and FIX?
Tokura Construction Co's E10 of 円794.40 can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Construction company?
A good E10 depends on the Construction industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Tokura Construction Co and its competitors. Tokura Construction Co's current E10 is 円794.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokura Construction Co stock overvalued right now?
Based on GuruFocus' analysis, Tokura Construction Co (NGO:1892) is currently considered Significantly Overvalued. The stock's GF Value™ is 円4,659.32, compared to a current price of 円7,810.00 — trading 67.6% above its estimated fair value. The current E10 is 円794.40. Tokura Construction Co's overall GF Score™ is 64/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Tokura Construction Co (NGO:1892), the current E10 is 円794.40 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Tokura Construction Co (NGO:1892) Overvalued in 2026?

Based on GuruFocus' analysis, Tokura Construction Co stock appears to be overvalued. The current stock price of 円7,810.00 is trading 67.6% above its estimated GF Value™ of 円4,659.32. GuruFocus considers Tokura Construction Co to be Significantly Overvalued.

Key valuation signals for NGO:1892:

  • E10: 円794.40
  • GF Value™: 円4,659.32 vs. price of 円7,810.00 (67.6% above fair value)
  • GF Score™: 64/100 with 8 warning signs

No single metric tells the full story. See the NGO:1892 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tokura Construction Co Business Description

Address 13-5, Nishiki 3-chome, Naka-ku, Nagoya, JPN, 460-8615
Tokura Construction Co Ltd is a Japan-based company engaged in the business of engineering and construction works. Its operations are carried out through the following business divisions: Construction, Civil Engineering, Real Estate, and Others. It generates the majority of its revenue from the Construction segment.
64GF Score

Get the complete analysis for NGO:1892

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円7,810.00
Price
円4,659.32
GF Value